Finding the best hard money lenders in Upper Grand Lagoon FL is crucial to your real estate investing success. Whether you’re new to real estate investing or you’ve been doing it years, your Upper Grand Lagoon hard money loans can end up costing you thousands of dollars if you don’t select your hard money lender carefully. Whether you’re looking for a fix and flip loan or a longer term rental loan for the BRRRR Method, a bad hard money loan can cost you thousands of dollars in profit if you don’t account for things like origination fees, monthly interest, prepayment penalties and more. On the flip side, a favorable hard money loan can provide the financing you need to make a deal possible and successful. Upper Grand Lagoon private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Upper Grand Lagoon FL
Birchwood Loans
Birchwood Hard money offers Hard money loans for Real Estate Investors in Tampa and surrounding areas. With Birchwood, you will find a fast and easy source of hard money lender funding for your real estate investments. They can finance up to 60% LTV for a period of up to 5 years and provide interest only payments. They can give you an approval within 24 hrs. The paperwork for the closing is typically 3-5 business days.
AHL Hard Money
AHL Hard Money offers the following niche programs: Hard money loans, private money loans, cash out refinance, bad credit loans, home equity loans. According to their website, they specialize in special needs. Whether that be for credit challenged borrowers, the self employed, or other unique circumstances.
Bridgewell Capital
Bridgewell Capital is a hard money lender based in Orlando. They offer rehab loans for flips and for rental properties. They also do multifamily loans and commercial loans.
Here are some of their fix and flip loan terms:
- Up to 100% of rehab costs
- Up to 75% ARV
- Closings in 10 days
- Damaged Credit Okay
- No interest on undrawn rehab funds
- No pre-payment penalty
Civic Financial Services
Our next hard money lender is CIVIC Financial Services. CIVIC is a best-in-class real estate lender that provides fast and simple financing to real estate investors. Whether the intention is to buy a single-family home to flip, to leverage an existing portfolio of rental homes to hold long term, or to acquire multifamily real estate for cash flow, they have a focused team and set of products that empower investors to build wealth through real estate.
A2Z Capital Lending
A2Z Capital Lending is a Florida based hard money lender. They have excellent reviews on Google and a professional website. They’ve been operating in Florida in many years so you can use them confidently.
Unlike traditional bank loans, the ability to obtain hard money financing isn’t determined by the borrower’s credit worthiness. Instead, A2Z Capital Lending uses the value of the property itself in determining whether to make the loan.
FAQ about the Best Hard Money Loans in Upper Grand Lagoon
What Do Upper Grand Lagoon Hard Money Lenders Charge?
Hard money loan rates in Upper Grand Lagoon range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Upper Grand Lagoon also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Upper Grand Lagoon Require Appraisals?
With most hard money lenders in Upper Grand Lagoon, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Upper Grand Lagoon?
Hard money loans in Upper Grand Lagoon are loans secured by real estate used to purchase or rehab that piece of property. These short term loans are used to purchase and/or rehab residential or commercial properties. They’re usually more expensive than traditional loans but can be closed faster and oftentimes with less credit requirements.
More About Upper Grand Lagoon Florida
Upper Grand Lagoon is a beautiful and serene destination located in Bay County, Florida. It is a perfect place for those who want to escape the hustle and bustle of city life and enjoy some peace and quiet. The area is known for its stunning beaches, crystal-clear waters, and a wide range of outdoor activities. Here is a detailed review of Upper Grand Lagoon, including the best things to do, places to see, food to eat, and more.
Things to Do:
1. Beaches: Upper Grand Lagoon is home to some of the most beautiful beaches in Florida. The beaches are clean, well-maintained, and offer a wide range of activities such as swimming, sunbathing, and surfing.
2. Water Sports: The crystal-clear waters of Upper Grand Lagoon are perfect for water sports such as kayaking, paddleboarding, and jet skiing. There are several rental shops in the area that offer equipment for these activities.
3. Fishing: Upper Grand Lagoon is a popular destination for fishing enthusiasts. The area is home to a wide range of fish species, including redfish, trout, and flounder.
4. Golfing: There are several golf courses in the area that offer a challenging and enjoyable experience for golfers of all skill levels.
5. Hiking: The area is home to several nature trails that offer a scenic and peaceful hiking experience.
Places to See:
1. St. Andrews State Park: This park is a must-visit destination in Upper Grand Lagoon. It offers a wide range of activities such as swimming, fishing, hiking, and camping.
2. Shell Island: This beautiful island is located just off the coast of Upper Grand Lagoon and is accessible only by boat. It is a popular destination for snorkeling, swimming, and sunbathing.
3. Gulf World Marine Park: This park is home to a wide range of marine animals such as dolphins, sea lions, and sharks. Visitors can enjoy interactive experiences such as swimming with dolphins and feeding sea lions.
4. Panama City Beach: This popular beach destination is located just a short drive from Upper Grand Lagoon. It offers a wide range of activities such as shopping, dining, and nightlife.
Food to Eat:
1. Seafood: Upper Grand Lagoon is known for its fresh and delicious seafood. There are several restaurants in the area that offer a wide range of seafood dishes such as shrimp, oysters, and crab.
2. Southern Cuisine: The area is also known for its delicious southern cuisine. Visitors can enjoy dishes such as fried chicken, collard greens, and cornbread.
3. Barbecue: There are several barbecue restaurants in the area that offer mouth-watering dishes such as pulled pork, brisket, and ribs.
4. International Cuisine: Upper Grand Lagoon is home to several restaurants that offer international cuisine such as Italian, Mexican, and Japanese.
Overall, Upper Grand Lagoon is a beautiful and peaceful destination that offers a wide range of activities and attractions for visitors. Whether you are looking for a relaxing beach vacation or an adventurous outdoor experience, Upper Grand Lagoon has something for everyone.